Joe’s Crab Shack In JAX Beach Sold to Investors At 7.1 Cap

In a net-leased sale, the Joe’s Crab Shack in JAX Beach sold to a CA-based private equity group that paid $4M for the building, or a reported 7.1% cap rate as it is subject to a lease to Joe’s until 2020.  Teresa Stepzinski of The Florida Times-Union has the announcement.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on February 18, 2014, in Hotel-Restaurant-Tourism, Shopping Centers/Retailers, Single Tenant Net Leased (STNL), Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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